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Results (10,000+)
Fendy Jn pierre Safe neighborhood in Philadelphia
12 June 2024 | 10 replies
Personally I prefer areas where it is not "block by block" like northeast philly, roxborough, chestnut hill, west mount airy, east falls, fairmount, graduate hospital, etc. 
Clayton Jeanette HELOC on Owner Occupied Triplex
11 June 2024 | 16 replies
Maximum 10 total properties (not 10 financed properties like fannie/freddie 1-4 unit properties, so even if the properties are free and clear it counts against this 10 "properties," whether there is debt/liens against them or not)You can use 1 year tax returns for self employment and 1 year tax returns for rental property income calculations as well which is huge for BP folks since most of us are rental property investors and self employed/S-corp/schedule C personal tax returns@Matthew Kwan @Carlos Valencia @Joe Homs
Brian Ward LSF8 Master Participation Trust ?
11 June 2024 | 2 replies
They forged documents, have the assessor for king county as one of their CEOs (my property was in Clark county WA but my property title was changed in King county WA where he WAS the assessor) hsbc had to pay me and countless others for bad foreclosure practices and that caused them to go bankrupt and my loan was floating and I essentially owned home free and clear due to terms of the contract stating that if loan was to be sold that hsbc my husband and I and the new proposed lender had to all meet in person and sign new paperwork permitting the transfer of the loan which never happened.
Karen Closkey Is this a scam? I was hired to work for an investor using quitclaim deeds
11 June 2024 | 3 replies
I answered and the person told me they work for private investors.
Tina Chau How do I find out if a property has a mortgage on it?
11 June 2024 | 11 replies
The property is in pinellas county (clearwater)   The folks above are correct that you can check out the county recorder's office / public records, which may entail having to go down there in person during gov't work hours.You can also ask your realtor or loan officer, who may be more available, and can send it to you via email. 
Nicholas Lilly What are Non-Disclosure Agreements?
11 June 2024 | 0 replies
Also, an NDA should not seek to prevent a disclosure demanded by law, for example, an NDA to prevent a person from reporting a crime which the person is legally obligated to report will not be enforceable.The scope, duration and restrictions in the NDA must be reasonable.
Andrew Haddad 4 First time investors looking for advice/confirmation about getting started
10 June 2024 | 3 replies
I believe we have covered most of the needs in this post, but I was becoming unsure about an LLC.From a multi-person investment point of view, is an LLC still the best way to go?
Dallas Hoover To New Acquaintances
10 June 2024 | 1 reply
Weather that's for swapping numbers to meeting in person for coffee.
Matt W. Help me understand depreciation recapture!
12 June 2024 | 8 replies
Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.
Chris Seveney Diversified Mortgage Expo
11 June 2024 | 11 replies
Unfortunately due to personal reasons, I was not able to attend the event.